New Intermed Uptrend!!

[gracec]

Hi Geeta,

The monthly charts look like a bearish engulfing candle in progress,sign of more downward slide to continue.More correction is set to follow.But I would expect a bounce soon.Sell off your short to intermediate trades in that rally.If you are holding any stks where the charts are still holding up in this fall,a sign of strength.Hold those.Can't be that specific as I don't know the stks you own.Basically,exit all short to intermediate trades on a rally.Sit on Cash for now.Get back in later.

All the best!!
Happy Trading!!
Saint

Thanks a lot Saint for your reply and advice.
As asked The stocks I am holding are:

CIPLA
SATYAMCompu
IPCL
SAIL
DABUR
GLAXO

now what!!
I'll appreciate your advice, once again.
kind regards

Geeta

 

[jraj]

Hi Saint,

Please comment on the following stocks.I am down in all of them.Should I hold or sell it off here?

Bombay Dyeing:Entry at 350.
SAIL:Entry at 65.5
Karnataka Bank:Entry at 112.
TISCO:Entry at 372
Mangalam Cement :Entry at 84.2
Prism Cem:Entry at 24.5
Ispat Ind:Entry at 19.6
Arvind Mills:Entry at 124

I really appreciate if you could help on these.Thanks.

Jay Raj

 

[alok]

First of All: Happy Deepawali to All of you

Now I have some queries about the following stocks for expert's comments:

pricol: It is sitting at 45 -51 levels for a long long time... what are the prospectus of this counter. (I entered at 48)

Wockhardt: Can I say today's movement may trigger an uptrend? (my entry: 495, about 15-20 days ago)

Mahindra and Mahindra: Planning to enter now.. is it right time?
Bharat Electronics: - do -
Engineers India: - do -

And please suggest me what to do with gufic-biosciences and kdl-biotech where, presumably I entered at wrong time and could not sell them off (entry of 24 and 22 respectively).

Thanks in Advance..

Alok.

 

[Saint]

First of All: Happy Deepawali to All of you

Now I have some queries about the following stocks for expert's comments:

pricol: It is sitting at 45 -51 levels for a long long time... what are the prospectus of this counter. (I entered at 48)

Wockhardt: Can I say today's movement may trigger an uptrend? (my entry: 495, about 15-20 days ago)

Mahindra and Mahindra: Planning to enter now.. is it right time?
Bharat Electronics: - do -
Engineers India: - do -

And please suggest me what to do with gufic-biosciences and kdl-biotech where, presumably I entered at wrong time and could not sell them off (entry of 24 and 22 respectively).

Thanks in Advance..

Alok.

Hi Alok,

A VERY HAPPY DEEPAVALI TO YOU TOO

PRICOL :Still holding over the 44.55 levels.If it breaks the 44.5 levels,we start a new downtrend..........Don't be around to find out what happens, at least not with your money on the line.Keep a stop loss at 44.5.Get out if hit...!

WOCKHARDT :This one is in an intermediate downtrend........still in the process of making lower pivot highs and lows.More consolidation via time(meaning expect sideways movement)or price(meaning more correction)is in store.Of course we are going to have rallies within the downtrend........get out on a rally,my friend.Your entry point will give you pain if you are going to hope and pray on this one,for I doubt that we are going to make new highs for some time to come.So,when a rally comes in,get out.......look for 440-450 to get out(again,this figure has to be made flexible on a weekly basis).Take the loss.............more opportunities to make more money will come your way.

GUFIC BIOSCIENCES :This has been in a long downtrend........buying at 24 is guesswork,my friend.Trying to catch a falling knife is bound to cause immense pain.This downtrend could end right here at 19,or go down to 9.....what to do now?Maybe put a stop at 18,after which you'd take no more punishment.........but either way,if you get arally,get out on the rally!

More later!!

All the best!
Happy Trading!!
Saint

 

[Saint]

Mahindra and Mahindra: Planning to enter now.. is it right time?
Bharat Electronics: - do -
Engineers India: - do -

And please suggest me what to do with gufic-biosciences and kdl-biotech where, presumably I entered at wrong time and could not sell them off (entry of 24 and 22 respectively).

Thanks in Advance..

Alok.

Hi Alok,

Okay,now for the rest!!

KDL-BIOTECH:Still in sideways mode for what seems like an eternity......curious though of this choice,as it may take yet another eternity(if eternity could be thus quantified!)to get a move on.......If you are the type that doesn't mind waiting for that eternity while your friends are raking in the moolah,continue to hold.Else,look for a rally and get out.Look for so many others that are still looking good even in this market correction.If you do decide to hold,don't let it fall below 16.4.....breaking this level is a resumption of its dntrend.

M&M :So far,still holding the uptrend.But wait for more pullback for an entry........or more sideways consolidation.For now,wait and watch.

ENGINEERS INDIA:A wait and watch as well.

BHARAT ELEC:Let's wait n watch.

Time to remain cautious not done yet..........the time to pound every stock that looks a beauty will come,but not as yet.Expect a bounce but caution still remains the key-word.

All the best!!
Happy Trading!!
Saint

 

[supratik]

Hi Saint,

How do you think of TISCO and SAIL currently?

Looks like Sail is a great buy at a 55- level. It has fallen considerably from the 66-67 mark.

An outstanding result this quarter. I believe it is a buy.

Waiting to hear from you

Thanks and Regards

 

[alok]

Dear Saint,

Thanks a lot for your comments and suggestions....
On gufic and kdl really speaking, it was my foolishness to act on some of my friends suggestions (based on some rumours!). Fortunately, I got 100 each....

Thanks & Regards,
Alok.

Hi Alok,

Okay,now for the rest!!

KDL-BIOTECH:Still in sideways mode for what seems like an eternity......curious though of this choice,as it may take yet another eternity(if eternity could be thus quantified!)to get a move on.......If you are the type that doesn't mind waiting for that eternity while your friends are raking in the moolah,continue to hold.Else,look for a rally and get out.Look for so many others that are still looking good even in this market correction.If you do decide to hold,don't let it fall below 16.4.....breaking this level is a resumption of its dntrend.

M&M :So far,still holding the uptrend.But wait for more pullback for an entry........or more sideways consolidation.For now,wait and watch.

ENGINEERS INDIA:A wait and watch as well.

BHARAT ELEC:Let's wait n watch.

Time to remain cautious not done yet..........the time to pound every stock that looks a beauty will come,but not as yet.Expect a bounce but caution still remains the key-word.

All the best!!
Happy Trading!!
Saint

 

[chopra]

Dear Saint,

Please advise regarding Gateway Distripark.
GATDIS @200 CMP 250/-
What do you recommend, Do I sell it or still hold.

And will it be advisable to buy Ispat Ind.
ISPIND CMP 14/-

Looking forward for your comments.
Thanks and Regards,
Ashish

 

[Sai]

Hi Saint,

What do you think of the pattern in Zuari Industries (zuari.bo)? Is this forming what is called the reverse wedge?

Sorry if this is out of place, just trying to learn the ropes.

Hope you had a nice deepawali.
Thanks

 

[Sai]

Hi Saint,

What do you think of the pattern in Zuari Industries (zuari.bo)? Is this forming what is called the reverse wedge?

Sorry if this is out of place, just trying to learn the ropes.

Hope you had a nice deepawali.
Thanks

Forgot to attach the chart. Pls find attached. Thanks